Reports Q3 revenue $1.53B, consensus $1.49B. Comparable retail segment net sales increased 12.5% at Urban Outfitters (URBN), 7.6% at Anthropologie and 4.1% at Free People. “We are pleased to report record revenues, profits, and earnings per share for the quarter,” said Richard Hayne, CEO. “Trends observed last quarter have remained consistent with broad-based comparable sales growth and robust results in the Retail, Subscription, and Wholesale segments. These results underscore the strength of our diversified business model, which enables us to continue capturing market share, and drive consistent long-term growth,” finished Hayne.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters options imply 8.8% move in share price post-earnings
- Is URBN a Buy, Before Earnings?
- Urban Outfitters price target lowered to $70 from $79 at UBS
- Urban Outfitters: Hold Rating Amid Slowed Growth and Market Uncertainties
- Urban Outfitters: Strong Q3 Prospects Amidst Cautious Hold Rating
